15 TCS AI for Business Study TCS AI for Business Study – Life Sciences Report Generative AI brings its own set of challenges 48% of Life Sciences executives surveyed expect up to half of their employees to be using GenAI on a daily basis within the next 3 years . Life Sciences executives say that GenAI has demonstrated to them their lack of IT readiness for AI more generally. Q. In three years, what percentage of your employees do you believe will be using/interacting with Generative AI capabiliti es on a daily basis? Q. Rank the top 3 statements, which most closely reflect how recent attention to Generative AI (specifically) has changed you r c ompany's assessment of AI's benefits and risks more generally Life Sciences All others Top ranked GenAI adoption concerns Lack of IT readiness Security and privacy focus 1st Ethical and responsible AI use Ethical and responsible AI use Compliance challenges Increased focus on talent development and training Increased investment in AI research and development Cultural shifts Redesigned customer experiences Reevaluation of business strategies and models 2nd 3rd 4th 5th